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2 years ago

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A company rents office space for $10,000. The company hasn’t yet recorded payment as an expense in the financial statements beca

use it hasn’t started using the premises.

1 answer:

zepelin [54]2 years ago

6 0

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Michelle works in an appliance store. She has a goal to sell a combination of six refrigerators, stoves or dishwashers so she ca

kotykmax [81]

The ‘SMART’ technique a tool for effective goal setting. The acronym SMART stands for Specific, Measurable, Attainable, Realistic, and Time-bound, all of which are requisites for goals. The goal “to sell a combination of six refrigerators, stoves or dishwashers to earn a bonus” is specific, measurable, attainable and realistic because Michelle has done this before. Yet the goal is not time-bound. The length of time it is required to meet is not specified in the goal.

7 0

2 years ago

Read 2 more answers

The partnership agreement of J. Hansen and D. Hernandez reflects differences in service and capital contributions as follows: (1

jasenka [17]

Answer:

$60,000

Explanation:

Hansen's annual salary allowance= 30,000

Hernandez's annual salary allowance= 10,000

annual interest allowance of Hensen= 0.1 × 50,000= 5000

annual interest allowance of Hernandez= 0.1 × 50,000= 5000

Remaining balance=100000- 5000-5000-30000-10000= 50000

Share of each partner from remaining balance= 25000

Hensen's income= 25,000+ 5000+ 30000= 60,000

6 0

2 years ago

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Espinoza Company is a wholesale distributor that uses activity-based costing for all of its overhead costs. The company has prov

Anna71 [15]

Answer:

Espinoza Company

Activity rate for the filling orders activity cost pool:

Overhead for filling orders divided by number of orders

= $130,500/3,500

= $37.29 per order

Explanation:

a) Data and Calculations:

Overhead costs:

Wages and salaries 220,000

Other expenses 150,000

Total $510,000

Distribution of resource consumption:

Filling Orders Activity Cost Pools

Filling Orders Customer Support Other Total

Wages and salaries 35% 55% 10% 100%

Other expenses 35% 50% 15% 100%

Filling orders 3,500 orders

Customer support 15 customers

Overhead Allocation:

Filling Orders Customer Other Total

Support

Wages and salaries $77,000 $121,000 $22,000 $220,000

Other expenses 53,500 75,000 22,500 150,000

Total $130,500 $196,000 $44,500 $370,000

Activity rate for filling orders = $130,500/3,500 = $37.29 per order

ABC or Activity Based Costing technique uses activity pools to accumulate and distribute overhead costs so that costs can be allocated based on the level of activity undertaken for each activity pool.

3 0

2 years ago

Dynamo Electronics, a major maker of electronics products in the United Kingdom, is concerned about the continually falling pric

Nataly_w [17]

Answer:

3

Explanation:

Beacauese yea

8 0

2 years ago

Initially, suppose Bellissima uses 1 million hours of labor per month to produce corn and 3 million hours per month to produce j

saul85 [17]

Answer:

<u>4 bushels, 2 bushels, Bellisima, Euphoria</u>

Explanation:

Remember, opportunity cost as used in this context<em> refers to the loss of other profit alternatives when one alternative is chosen</em>. In this scenario if we consider the two neighboring countires called Acadia and Euphoria. Both have 4 million labor hours per month that they can use to produce corn, jeans, or a combination of both.

Euphoria produces <em>4 bushels of corn per hour and 16 pairs of jeans</em><em>. </em>Acadia produces<em> 5 bushels of corn per hour and 10 pairs of jeans.</em> Euphoria produces <em>12 million bushels of corn and 16 million pairs of jeans</em> and Acadia produces <em>5 million bushels of corn and 30 million pairs of jeans.</em>

<em></em>

<u>Euphoria's opportunity cost of producing one bushel of corn is</u> $\frac{16}{4}$ = 4 pairs of jeans and

<u>Acadia's cost of producing one bushel of corn is </u> $\frac{10}{5}$ = 2 pairs of jeans.

Finanlly, It is obvious that Acadia has the comparative advantage of producing corn, and Euphoria has the comparative advantage of producing jeans.

5 0

2 years ago